THOROFARE, N.J./BALTIMORE, MD— Cushman & Wakefield Inc. has arranged the sale of the I-95 Net Leased Industrial Portfolio, comprised of four buildings totaling 950,868 sq. ft. in Maryland and New Jersey. The four properties, 100 percent leased at the time of sale, were acquired by SK Realty Management from Prologis.
The three Maryland industrial properties include 500 Hickory Drive, totaling 470,707 sq. ft. on 44 acres in Aberdeen, long-term leased; the 205,030-sq.-ft.600 Hickory Drive on 18.5 acres also in Aberdeen is fully leased on a long-term basis; and the 93,761-sq.-ft. 7616 Canton Center Drive on eight acres in Baltimore, with a full-building lessee.
The New Jersey property in the portfolio is 100 Friars Boulevard in Thorofare and consists of 181,370 sq. ft. on 12.7 acres. All four properties are utilized for warehouse/distribution purposes.
“Each of the tenants within the portfolio were long-term building occupants, offered solid credit, and were fully utilizing the building,” said Gabriel.